Transport sector is thriving
November 15, 2012 4:06 am
The transportation sector is thriving and our economists say this is a good indication from the annual transportation consultation forum this morning.
Reserve Bank of Fiji’s Chief Manager Caroline Waqabaca says this should be commended despite the increase in fuel costs and road fatalities.
“Fiji’s transport accounts to 15% of the whole transportation costs in the GDP and 8 % of the total paid employment and its also a large importer in terms of machinery and transport equipment in particular; oil and mineral fuels and therefore the demand in this sector has huge implications for our foreign reserves and balance of payments”
However, there’s still room for the sector to grow, what’s needed is infrastructure development to keep up with the needs of the industry.
The Ministry of Works, Transport and Public Utilities will end their two day consultation tomorrow.